Business & Finance
FPS Hong Kong Launches New Direct Ocean Groupage Service to Hawaii
FPS Hong Kong – one of the founder members of the Famous Pacific Shipping Group forwarding and logistics network – is launching a new direct ocean groupage service to Honolulu, Hawaii that reduces traditional costs and transit times. The new service will commence in late April, and initially offer f
Brazil: OGX Finds Hydrocarbons in Campos Basin
OGX Petróleo e Gás Participações S.A., the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, announced today that it has identified the presence of hydrocarbons in carbonate reservoirs in the Albian section of well 1-OGX-79-RJS, in block BM-C-39
UK: Acteon Names Lester Clark as Vice President
Leading specialist subsea services group Acteon has appointed Lester Clark as vice president. Lester has more than 20 years of industry experience and joins Acteon from Baker Hughes, where he was director for drilling systems in the Russia Caspian region. This involved leading a multidisciplinary te
UK: SeaHold GEOSHIPS Holds Open Day on Board MPSV Loch Roag
SeaHold GEOSHIPS Ltd, a marine and subsea services shipping company, held an open day on board the newest addition to its vessel fleet yesterday (25 April). Formed in 2003, the Aberdeen-based company took delivery of Loch Roag, its second multi purpose support vessel (MPSV), earlier this month on a
Fairmount Delivers Saipem’s Scarabeo 6 Rig to The Netherlands
Fairmount Marine’s tug Fairmount Expedition has delivered the semi-submersible drilling rig Scarabeo 6 safely in Rotterdam, the Netherlands, for her dry-dock period at shipyard Keppel-Verolme. The 27 year old Scarabeo 6, owned by Italian offshore company Saipem, was towed from offshore Abu Qir, Egyp
USA: Superior Operating Results Surpass Expectations, Says CEO
Superior Energy Services, Inc. announced net income from continuing operations of $70.2 million, or $0.55 per diluted share, and net income of $53.9 million, or $0.42 per diluted share, on revenue of $966.8 million for the first quarter of 2012. The Company completed its acquisition of Complete Prod
UK: GEOSHIPS Holds Open Day on Board its New MPSV Loch Roag
SeaHold GEOSHIPS Ltd, a marine and subsea services shipping company, held an open day on board the newest addition to its vessel fleet. Formed in 2003, the Aberdeen-based company took delivery of Loch Roag, its second multi purpose support vessel (MPSV), earlier this month on a contract valued at ov
Fairmount Expedition Tows Drilling Rig Scarabeo 6 to Rotterdam, The Netherlands
Fairmount Marine’s tug Fairmount Expedition has delivered the semi- submersible drilling rig Scarabeo 6 safely in Rotterdam, the Netherlands, for her dry-dock period at shipyard Keppel-Verolme. The 27 year old Scarabeo 6, owned by Italian offshore company Saipem, was towed from offshore Abu Qir, Egy
USA: Maine Plans to Develop Tidal Energy
Central Maine Power, Bangor Hydro Electric Co. and Maine Public Service Co. will negotiate a 20-year contract with Ocean Renewable to put tide-generated electricity onto the grid this summer, reported Associated Press. The Maine Public Utilities Commission created a contract term sheet for the proje
Cameron 1st Quarter Income Improves (USA)
Cameron reported net income of $134.0 million, or $0.54 per diluted share, for the quarter ended March 31, 2012, compared with net income of $109.5 million, or $0.43 per diluted share, for the first quarter of 2011. Cameron reported net income of $134.0 million, or $0.54 per diluted share, for the q
UK: Total Takes Further Steps in Stopping Elgin Gas Leak
Further significant steps have been taken this week towards stopping the Elgin gas leak, including the installation of a key piece of equipment on the G4 well to divert leaking gas away from the wellhead platform. Known as a diverter, this specially manufactured device has been connected to the G4 w
Elgin Gas Leak: Total Installs Diverter on G4 Well (UK)
Further significant steps have been taken this week towards stopping the Elgin gas leak, including the installation of a key piece of equipment on the G4 well to divert leaking gas away from the wellhead platform. Known as a diverter, this specially manufactured device has been connected to the G4 w
Victorian Premier Announces USD 1.2 Billion Redevelopment of Melbourne Port
Victorian Premier Ted Baillieu, on April 24th, announced a $1.2 billion re-development of the Port of Melbourne which will create 2,600 jobs and enhance the economic future of the state. Mr Baillieu said the centerpiece of the project would be the construction of a new container terminal at Webb Doc
UK: Premier Receives Approval of Solan Field Development Plan
Premier announces that it has received approval of its Field Development Plan (FDP) for the Solan field (Premier 60 per cent, Chrysaor 40 per cent) from the Department of Energy and Climate Change. The Premier-operated Solan field, located on the UK Continental Shelf West of Shetland, is expected to